Wednesday, January 17, 2007
I just had a great conversation with a friend of mine who is active in development projects throughout the West as well as in China. She's looking at raising approximately $10M for a development in Shanghai. There's apparently a great need for senior housing in the ever changing Chinese market. Demographic trends are important to watch. Most young households in China are now dual income. No longer is there someone at home to care for the elderly parents. Also, with one child per family as the law, each child will have to support two elderly parents in the future. What will that do to real estate needs? A lot... Her senior housing project is wisely in the path of demographic development.